Stellar Lumen (XLM) Analysis: Price, Pattern & Volume Point to an Upcoming Bullish Run

in #xlm7 years ago (edited)

SUMMARY

Stellar Lumen (XLM) is providing a potential to capture the terminal end of a correction, which is the best time to cast an entry ladder. The chart below shows XLM having completed a five wave impulse (white). Elliott Waves states that after every five wave move, there is a requisite retracement. This corrective rerace can come as an abc zigzag, abc flat, traingle or complex combination. XLM has clearly selected the triangle motive. The abcde (red) waves are shown, each with its subwaves (white). So, what's next?

The below chart shows the next potential price move (blue line). A breakout from the triangle pattern would be quite bullish, especially given how proximal price is to the Apex; the point at which the two triangle lines intersect. Closer price is to the apex, more likely a price explosion is to occur. Target for wave 5 is $0.84 (168% profit potential). Timing would be from May to July of this year.

The MACD is also expected to curl upwards and generate a buy cross and both the 12/26 ma lines should go positive above the zero mark.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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XLM and XRP should be ready to rip soon.

Stellar should go uo as one of the coin I am betting on is using stellar blockchain so it will be good for coin and for me too 😀
I know I sound mean here but I need money to buy my laptop

Honesty is rewarded.

thank you dear@suf1an

Not sure if was good idea but sold stellar to get some bitcoin private...will see if was good idea...

Interesting

Go get em lil donkey!

haha

ဘာေတြေရးေနမွန္ေတာ့ မသိဘူး။ ဒါေပမယ္ Good Job.

hello

thank you dear /@arismikelatos
am greatfull to you for your vote

You're my favorite analyst on Steemit and otherwise

i think the ibm platform is closer then peoplerealize so price going could come sooner Time will tell Goodwork!

I think XLM will be skyrocketing soon! Lots of great news and IBM membership. I'm thinking $2+ By End of Year

I'm actually suprised that Stellar hasn't taken off yet. In addition to your technical analysis, there has been a fair amount of positive news this week from both the crypto space and from the traditional financial media. Your analysis looks good. Hopefully it will play out exactly as you outlined. That blue line of yours would make me very happy. :)

In due time (soon) :)

I`m waitng nervously for Stellar to take off